628, 634 & 636 Sumner ST #6 units Active Save Request In-Person Tour Request Virtual Tour
Akron,OH 44311
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Voris
MLS Listing ID 5089431
Year Built 1889
Annual Tax Amount $9,198
Tax Year 2024
Lot Size 10,715 Sqft
Property Sub-Type Apartment
Property Description
628, 634 & 636 Sumner St, Akron, OH 44311 is located in the heart of downtown Akron. This multi-family property offers an exceptional investment opportunity, BUT NO Seller Financing, ONLY ACTUAL CASH OR LOAN BY OTHERS (NOT SELLERS). With a total of six fully rented units comprising of 17 bedrooms and 6 bathrooms at 5,328 sq. ft. of finished residential space, FULLY RENTED w/ MONTHLY INCOME of $5,586 which is $67,032 Annually. This rental investment property includes two 2-bedroom units, three 3-bedroom units, and one 4-bedroom unit. 3 duplexes comprise the 6 units & sit on 2 adjoining lots, frontage @ 102 feet on Sumner & additional frontage on Thornton St with a depth of 95 feet, which affords the property to provide several parking options with common area parking of off-street as well as several egress & ingress drives to accommodate proper off street parking for all of the residents. Professionally Manintained, fully rented
The property is well-maintained and features forced air gas heating, central air cooling, and public water and sewer services. It also includes an unfinished basement and an asphalt/fiberglass roof. Monthly rent is $5,650 and Annual gross rent is $67,800 with Landlord amount this year due to updating & installing new flooring, painting and showing, and marketing the property at $52,976, with total expenses this year to update and all expenses at $22,291, including management, maintenance, utilities, trash, and lawn/snow care, and upgrading the units. The property's proximity to downtown and its location offer renters easy access to shopping, amenities, and public transportation, Akron University, easy access to Rt 8 and I-76 make the property highly desirable for urban living.
This property is ideal for investors seeking reliable cash flow and potential growth. For more information or to schedule a private showing, please contact your favorite Real Estate Agent. Don't miss this chance to own a prime income-generating property in Akron!
Location
State OH
County Summit
Interior
Heating Forced Air,Gas
Cooling Central Air
Exterior
Parking Features Additional Parking,Common,Off Street
Fence None
Roof Type Asphalt,Fiberglass
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard